AmEx CEO Sells $7.5 Million in Stock

American Express Co (AXP) Chief Executive Kenneth Chenault sold more than $7.5 mln of his company’s shares, as the credit card lender said it will now pay him largely in restricted stock units instead of cash. Chenault sold 170K of his American Express shares on Thursday for between $7.54 mln and $7.61 mln “as part of his ongoing financial planning and in light of the change in compensation mix,” the co. said. – Reuters

Disclaimer: This page contains affiliate links. If you choose to make a purchase after clicking a link, we may receive a commission at no additional cost to you. Thank you for your support!

Be the first to comment

Leave a Reply

Your email address will not be published.


*

This site uses Akismet to reduce spam. Learn how your comment data is processed.